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Is Chipotle Stock Wildly Overvalued in 2023?

Is Chipotle Stock Wildly Overvalued in 2023?

If there's any important takeaway investors should have gotten from the past few years, it's just how resilient Chipotle Mexican Grill's (NYSE: CMG) business really is. As of this writing, Chipotle stock currently trades at a price-to-earnings (P/E) ratio of 56, which is more expensive than restaurant peers like Starbucks and Domino's Pizza. At this level of scale, Chipotle's annual revenue would be $21 billion.